Jan 12, 2010 7:00pm EST
this proposed 1% medicare payroll tax hike to fund the obama health care plan by including investments, like capital gains and dividends rather than simply wages. now, the wage hike's bad enough. obama care is bad enough. but applying this to investment simply raises the cost of capital, lowers the return on risk taking, and damages prospects for economic recovery growth. what is team obama thinking. the new year tax attack. i've never seen anything so dumb. i'm not surprised stocks sold off today, especially the bank stocks. and i've got to tell you, if these tax hikes actually get through the congress and the white house in the weeks ahead, the stock market is going to sag, no matter how good fourth-quarter profits come in. you cannot tax your way to prosperity. did i say dumb policy? that is my take. extremely dumb policy. now, i want to get some reaction on this point from our guests. we have ssht director for tax and budget policy at the center for american progress, michael lyndon. we also have the "wall street journal's" steve moore. michael lyndon, because i believe in fairness and o
Jan 19, 2010 7:00pm EST
on private insurance and people's ability to buy their own insurance and its effect on medicare, cutting medicare by trillions of dollars, if they want to at that time senate bill and ram it through the house and accepted it to the president to sign it, they have the votes right now. scott brown's election, if he's successful and hopefully he will be, won't change that. and clearly the leadership of the democratic party hasn't gotten the message because speaker pelosi said that today. that's what they intend to do. so you still have a government here in washington that's run by some folks from san francisco and other places who truly believe that if you dramatically grow the size of government, you create prosperity which certainly flies in the face of history. >> the stock market seems to be saying that the high tide of democratic pelosi, reid, obama, left liberalism, the high tide has been reached tonight and that now it will change that local atmosphere. your last thought on that. is the stock market right, senator gregg? >> the stock market usually is right because it's people puttin
Jan 4, 2010 7:00pm EST
a trillion from medicare and looking to cut tricare and modify tricare for veterans you have higher taxation and longer lines, lesser care and a different type of coverage than we're used to here in massachusetts. as a massachusetts senator, i need to look at what's in the best interest of our state and this bill clearly is not good for massachusetts and quite frankly, i don't think it's good for the country. >> so the universal mandate on individuals and businesses in the state was put in by former governor romney. >> and it broke the bank and people are disillusions. you're going to get a rasmussin poll? >> we heard about the poll today. our plane is not breaking the bank. we have 98% of people covered here in massachusetts and offer offer a wide range of plans. what we do is export what we've done to other states and show them how to do it. why should massachusetts be subsidizing the rest of the country for their failure to do that? while i feel everybody is entitled to coverage we don't need a one-size-fits-all in the country. >> are people in massachusetts really t ett-ed off that they'
Jan 27, 2010 7:00pm EST
as a result of health care, including the medicare cuts, the tax increases, these are all things that are bad for the economy. >> he's got to prove himself. rhetoric notwithstanding, there is no road to damascus. you're still very skeptical. >> i'm still skeptical because i have yet to see the rhetoric be consistent with or match the actions. >> last week after the scott brown victory, he became a populous bashing the banks. we'll see what comes out tonight. you talk about pushing the reset button. we're basically saying he's gone down the wrong road for a year, which is why 50% of americans think we're on the wrong path. >> little history here. fdr raised taxes, he continued to raise taxes in 1935 and 1936, not unlike the bank tax. he raised taxes on corporations. he raised taxes on some undistributed profits, which are essentially their capital. this is a tax on bank capital. that is what created the mini-depression of '36 and '37. i thought we wanted banks to prosper. >> if you read the supply and demand, it extended the depression, but larry summers, the president, said we're going to hav